Martha Reaume files Form 144 to sell SPSC shares

Martha Reaume reported proposed and recent sales of Common stock of SPSC.

Rhea-AI Filing Summary

Martha Reaume reported proposed and recent sales of Common stock of SPSC. The filing lists a 1,000-share sale via exercise of stock options on 03/09/2026 (cash), and prior 10b5-1 sales of 1,000 shares on 02/09/2026 for $79,200 and 1,732 shares on 01/07/2026 for $159,794.15.

Insights

Securities Compliance Analyst

Form 144 lists an option exercise and two 10b5-1 sales by the reporting person.

The filing records a 1,000-share option exercise sale on 03/09/2026 and two prior 10b5-1 transactions: 1,000 shares on 02/09/2026 ($79,200) and 1,732 shares on 01/07/2026 ($159,794.15).

These entries are routine notifications required under the securities rules; cash proceeds are shown for the 10b5-1 sales and the option exercise is marked as cash. Subsequent filings will show actual transfer/settlement details if and when trades occur.

FAQ

What sales does the SPSC Form 144 list for Martha Reaume?

The Form 144 lists a 1,000-share option exercise sale on 03/09/2026 and 10b5-1 sales of 1,000 shares on 02/09/2026 and 1,732 shares on 01/07/2026. The filing shows proceeds for the 10b5-1 sales.

How much were the proceeds reported for the 10b5-1 sales in the SPSC filing?

The filing reports proceeds of $79,200 for the 1,000-share sale on 02/09/2026 and $159,794.15 for the 1,732-share sale on 01/07/2026. The option exercise lists cash as the method.

Which broker is listed on the SPSC Form 144 filing?

The broker listed is Morgan Stanley Smith Barney LLC at 1 New York Plaza, 8th Floor, New York, NY. That firm is recorded as the filer associated with the transactions.

Does the Form 144 show the method of sale for the transactions?

Yes. The 03/09/2026 entry is labeled as an Exercise of Stock Options with cash shown; the earlier entries are identified as 10b5-1 sales, with dollar proceeds reported for each sale.

Does this Form 144 aggregate total shares sold by Martha Reaume?

The Form 144 presents individual transactions (1,000; 1,000; 1,732) by date and does not state an aggregate total. Each transaction is reported with its date and proceeds where shown.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/09/2026 - 04:35 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001735354
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	SPS COMMERCE, INC.
SEC File Number	001-34702
Address of Issuer	333 South Seventh Street, Suite 1000 Minneapolis MINNESOTA 55402
Phone	6124359400
Name of Person for Whose Account the Securities are To Be Sold	MARTHA REAUME
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
COMMON	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	1000	63720.00	37390873	03/09/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/09/2026	Exercise of Stock Options	Issuer			1000	03/09/2026	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for MARTHA REAUME 333 South Seventh Street, Suite 1000 Minneapolis MN 55402	COMMON	02/09/2026	1000	79200.00
10b5-1 Sales for MARTHA REAUME 333 South Seventh Street, Suite 1000 Minneapolis MN 55402	COMMON	01/07/2026	1732	159794.15

144: Remarks and Signature

Remarks
Date of Notice	03/09/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	09/10/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Martha Reamue
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)